The pandemic has caused chaos for the economies across the world but this time of isolation has not hindered artists from being productive and now could actually be a great time to think about investing in art. In fact, contemporary art investments have risen hugely over the last few years, with online sales helping to keep the market alive during the various and widespread lockdowns.
A search on the internet will quickly suggest a variety of online sources for art but it’s worth being a little creative in your thinking. Social media, such as LinkedIn, is a great platform for finding art. Students produce great works during their studies but they cannot sell them until their course is finished. It’s worth seeking them out – many colleges and universities have sales for their students’ work. There are plenty of places to look for art but, without experience within the market, how do we know it’s a good investment?
We all love the thought of making a treasure-trove find and there are very occasional bargains to be had. For example, a vibrant painting of an Indian town was snapped up by London taxi driver at a local car boot sale for a mere £40, which he hung on his wall for 30 years. Only when he redecorated, did he take to an auction house as it didn’t fit the new look and it sold for £92k as the work of Baba Bishan Singh. For the majority, though, finding and buying good art will be more systematic and will involve working out what appeals to you and what feels like quality work.
When buying art, it’s very hard to know which emerging artists will be the ones to really make their name and, subsequently, a great return on your investment. On that basis, when seeking out potential purchases, be guided by your own appreciation for each individual piece of artwork.
Art, as an investment, is also art for enjoyment, which is the beauty of this kind of venture – unlike money in a savings account or stocks and shares, you can view, display and enjoy your art. We all, of course, have different tastes and what appeals to one buyer might not to another. That said, though, if a piece of art speaks to you enough for you to want buy it, it is likely it will appeal to others, too, and that’s a good enough benchmark to consider your purchase.
Contemporary art has something to offer for all pockets, with pieces available from just a few hundred pounds to tens and even hundreds of thousand pounds. If you pick up works from emerging artists, the hope is that in time they will significantly increase in value.
The world of fine art is a very competitive market and it can be difficult for emerging artists to make headway and to stand out enough to make their name.
Anon-Art is a great platform to help level the playing field and ensure that each individual artwork is bought because it evokes some connection with the buyer that is not, in any way, influenced by the name of the artist. This gives emerging artists the freedom to compete on the same level as established artists and it gives those with a firm hold in the market the opportunity to re-affirm that their work appeals without the need for their name.
anon-art.com is committed to helping artists sell their works, with a fair commission, and buyers to find great art.